NORTHEAST, Neb. -- Northeast Community College has lowered its tax levy for the 2021-2022 fiscal year.

The property tax levy has decreased from 9.5 cents to 9.4 cents per $100 valuation for the 2021 fiscal year. They were able to shrink their tax levy after receiving an additional allocation for the college's dual enrollment. The college was also able to reduce the amount they are asking for their general fund after the completion of the student union building, Union 73. 

“In addition to the standard state aid allocation based on the current funding formula, Northeast received an additional allocation for dual enrollment," said Scott Gray, vice president of administrative services.

"With a slight increase in property tax valuations across the 20-county service area, we were able to decrease the general fund property tax levy while maintaining our current tuition and fee rates from a year ago."

Along with a lower levy, Northeast has also reduced its budget from this year. The budget has a decrease of $4,943,167, shrinking from $67,645,396 in 2020 to $62,702,229 this fiscal year.